Analysis of Trade Potential of Telecom Industries between Rwanda and Gujarat / IndiaOverview of Investments in Rwanda1. EconomyThere is high and sustained growth in real GDP over the period 2007-2011 and stable inflation and exchange rate. The GDP growth rate for the previous three years is one of the highest among major African economies and neighboring countries.2. Strong governance • A clear vision for growth through private investment set out by President Kagame (Vision 2020). • Rwanda is politically stable with well-functioning institutions, rule of law and zero tolerance for corruption. corruption watchdog Transparency International ranked Rwanda as the least corrupt country in East Africa, the 4th least corrupt country in Africa and 49th in the world.3. Investor-Friendly Climate• Rwanda is the 2nd best reforming country globally in 2012.'• It is the most competitive place to do business in East Africa and 3rd in Africa according to the 2012 WEF Global Competitiveness Report. world.'• It is the third most competitive place to do business in Africa'• It is the first most competitive place to do business in the EAC region'• It is the eighth easiest place to start a business• The timing of the registration process of the undertaking is very short, i.e. 6 hours compared to other African countries. • It's the 19th easiest place to pay taxes in the world. • The country's 'B' credit rating was upgraded to with a positive outlook by Standard & Poor's and Fitch in 2012. Rwanda's Fitch rating is supported by sound economic policies and a track record of structural reforms, macroeconomic stability and low public debt (22.8% of GDP).4. Access to marketsLocal market of over 11 million people with a ra...... paper media......ent with Karnataka State Electronics Development Corporation Limited (KEONICS) to develop the ICT sector. The agreement underlines the common desire to promote bilateral trade and industrial relations between the state of Karnataka and Rwanda. Williams Nkurunziza, High Commissioner of Rwanda to India, signed the agreement with Hari Kumar Jha, CEO of KEONICS. According to the New Delhi High Commission statement, KEONICS will soon expand its operations in Rwanda to provide expertise in the field of ICT and electronics on mutually acceptable terms. The company aims to provide consultancy and capacity building in the fields of education, consultancy, infrastructure, engineering and services such as e-governance solutions, among others. KEONICS is considered to be the pioneer of the IT revolution that made Bangalore a global household name in ICT development.